TIDMIME
RNS Number : 3147Q
Immedia Group PLC
08 April 2009
?
8 April 2009
IMMEDIA GROUP PLC (formerly Immedia Broadcasting Plc)
Preliminary Statement of Results for the FY to 31 December 2008
Immedia Group Plc ("Immedia"), the UK's leading provider of live, tailored
in-store radio and TV, today announces its preliminary financial results for the
year to 31 December 2008.
Overview
+--------------+----------------------------------------------------------------------------+
| * | Move into profit: pre tax profit of GBP82,934 (2007: pre tax loss of |
| | GBP1,355,410) |
+--------------+----------------------------------------------------------------------------+
| * | Improved cash position with GBP883,197 cash at bank as at 31 December 2008 |
| | (31 December 2007: GBP661,845) |
+--------------+----------------------------------------------------------------------------+
| * | New contract signed with major UK high street bank for RadioVision |
+--------------+----------------------------------------------------------------------------+
| * | Installation and maintenance services business continues to expand |
+--------------+----------------------------------------------------------------------------+
Financial Summary
+-----------------+---------------+----------------+
| | 12 | 12 |
| | months | months |
| | to 31 | to 31 |
| | December | December |
| | 2008 | 2007 |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Revenue | GBP3,875,010 | GBP3,904,815 |
| | | |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Operating | GBP304,943 | GBP206,369 |
| profit | | |
| before | | |
| depreciation, | | |
| amortisation | | |
| and | | |
| impairment | | |
| charge | | |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Operating | GBP57,116 | GBP(1,375,909) |
| profit/(loss) | | |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Profit/(loss) | GBP82,934 | GBP(1,355,410) |
| before | | |
| taxation | | |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Basic | 0.56p | (9.13)p |
| and | | |
| diluted | | |
| earnings/(loss) | | |
| per share | | |
+-----------------+---------------+----------------+
| | | |
+-----------------+---------------+----------------+
| Year | GBP883,197 | GBP661,845 |
| end | | |
| balance | | |
| of cash | | |
| and | | |
| cash | | |
| equivalents | | |
+-----------------+---------------+----------------+
Bruno Brookes, Chief Executive of Immedia, said:
"I am pleased that Immedia is seeing the fruits of initiatives taken to broaden
its content offering to an ever wider potential market. In particular, our new
installation and services division is winning new clients and offering the
opportunity to cross-sell other Immedia services.
"Over the next year we aim to maintain our market leading position as the
one-stop shop for any company, big or small, seeking the most professional
service in the digital out-of-home media sector."
Enquiries:
+-----------+--------------+
| Immedia | |
| Group | |
| Plc | |
+-----------+--------------+
| Bruno | +44 |
| Brookes | (0) |
| - Chief | 1635 556200 |
| Executive | |
+-----------+--------------+
| Hudson | |
| Sandler | |
+-----------+--------------+
| Nick | +44 |
| Lyon / | (0) 20 |
| Fran | 7796 4133 |
| Read | |
+-----------+--------------+
| Daniel | |
| Stewart | |
| & | |
| Company | |
| Plc | |
+-----------+--------------+
| Simon | +44(0) |
| Leathers | 20 7776 6550 |
| / Simon | |
| Starr | |
+-----------+--------------+
Chairman's Statement
2008 was a year of improvement for Immedia and we have delivered a solid
performance against a turbulent economic background. We are pleased to be able
to announce that we have moved into profit, a result achieved through tighter
cost controls across the business and up-selling new services to our clients.
While revenue for the year was marginally lower at GBP3,875,010 compared to
GBP3,904,815 for 2007, Immedia achieved a pre tax profit of GBP82,934 for the
year which was a significant improvement on the 2007 pre tax loss of
GBP1,355,410. Furthermore, the company has maintained its record of strong cash
generation, with cash and cash equivalents of GBP883,197 at the year-end, again
a significant improvement on the prior year balance of GBP661,845.
In November we were pleased to welcome Mark Horrocks to the Board as a
Non-Executive Director. Mark has held extensive positions in the City and we
believe that Immedia will benefit from his wealth of experience. I would also
like to take this opportunity to thank all our staff for their hard work and
enthusiasm over the period in helping the business grow.
We are operating in an evolving sector that is seeing growth in demand for
out-of-home digital media solutions across a variety of markets, including
retail, leisure and finance. Immedia has the skills to take advantage of this
increasing demand for content and we continue to develop new innovative
solutions to meet our clients' needs.
In light of the current economic conditions we are cautious about the year ahead
but believe that the strength of our product offering and the breadth of our
services position us well to continue to serve the needs of our high quality
client base and in doing so attract new customers.
Geoff Howard-Spink
Chairman
Business Review
I am pleased to present our full year results for the financial year ending 31
December 2008.
Results & Financial Performance
The year was a challenging one for Immedia but we maintained our focus on cost
control and profitability and recorded a move to both operating and pre tax
profit. Revenues for the year were marginally lower at GBP3,875,010 (2007:
GBP3,904,815). Pre tax profit increased to GBP82,934 from a pre tax loss of
GBP1,355,410 in 2007. 2007's results were impacted by the GBP1,055,225 write-off
of Cube's intangibles. As reflected in the current year results we do not
anticipate any further impairment charges.
During the year the Group spent GBP109,000 on the fitting out and equipping of
its new offices in Newbury, of which GBP66,000 was financed by a three year
covenant-free unsecured bank loan bearing interest at 4% above bank base rate.
This cost included expenditure in improved technology and equipment for the
delivery of the Group's services, and further investment in these areas is
planned to ensure Immedia's services continue to be market leading.
The Group has continued to strengthen its balance sheet over the period. We
continue to rigorously control our costs and the Group remains cash generative
with GBP883,197 cash in the bank as at 31 December 2008 (31 December 2007:
GBP661,845).
On the basis of current financial projections prepared up to the end of 2010,
recent news of contract renewals, continuing improvements in management of
costs, and ongoing availability of facilities, the Directors are satisfied that
the Group has adequate resources to continue in operation for the foreseeable
future and consequently the financial statements have been prepared on the going
concern basis.
Subscription Stations
Our subscription radio stations continue to perform well, with new opportunities
to help our clients with product development. We have integrated the radio and
visual strands of our business and have been encouraged by the strong growth of
our installation and maintenance business.
On 2 June 2008 we were delighted to announce a two year contract with Roadchef
to provide a brand new live radio station to all 29 Roadchef motoring service
areas in the UK. This station was successfully launched in July 2008.
Also in July we announced a significant memorandum of understanding with a
leading retail banking brand. The trials of our RadioVision product with this
company have been very successful and we announced the signing of our contract
with a major UK high street bank on 1 April 2009.
Our audio and visual equipment installation and maintenance services business
has continued to expand over the period, and has driven growth by providing
additional services to existing contracted clients and to new clients who
initially seek ad hoc services. There is a significant opportunity for
cross-selling our complementary radio services and we expect a number of these
clients will look to sign longer term contracts.
Our relationship with HSBC remains strong and our HSBC Live! subscription radio
station continues to broadcast to over 1,000 sites across the UK. We have
extended the service to HSBC call centres and other corporate buildings.
IKEA Live! has been well received across all its 21 UK locations, including the
new store in Southampton, and we will bring Immedia to Ireland with the opening
of IKEA's Dublin store later in 2009.
Lloyds Pharmacy Live! operates across all 1,500 stores and we look forward to
further developing our longstanding relationship with the team and assisting
with new areas of product development during our seventh year of service.
We have been working closely with SPAR and provide a subscription model to more
than 1,400 stores across the UK, replacing the free to air service. This has
resulted in a lower cost base as well as an increase in revenue. Over the course
of the year we continued to install our services across more of its 2,500-strong
estate.
We are now broadcasting GAME Live! to 379 GAME stores across the UK, having
moved on from pre-contract trials and installations in 2007 to a full
subscription service in the first half of 2008.
We are currently trialling other radio stations and believe that our breadth of
offering will continue to attract new clients.
Current Trading and Outlook
2008 was a challenging year for Immedia but we believe that over the period the
company has matured: Immedia is not just a radio business and we are actively
working to broaden our offering. In 2009, we intend to increase the flexibility
of our services by offering a wider range of music and video content offerings
to bolster our core business. This will enable clients of any size to purchase
the content they need, in line with their requirements and budgets. We will
continue to develop our screen business, providing more hardware, telecoms and
visual content, and will support this through the further growth of our
installation and maintenance business.
While we remain cautious about the outlook for 2009, we believe that our
services are the best on the market and we will continue to search for ways to
bring our offering to new audiences, while developing new opportunities among
our strong portfolio of existing clients.
Bruno Brookes
Chief Executive
Consolidated Income Statement
for the year ended 31 December 2008
+-----------------+--------+-------------+-------------+
| | | 2008 | 2007 |
+-----------------+--------+-------------+-------------+
| | | GBP | GBP |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Revenue | | 3,875,010 | 3,904,815 |
+-----------------+--------+-------------+-------------+
| Cost | | (1,608,926) | (1,691,821) |
| of | | | |
| sales | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Gross | | 2,266,084 | 2,212,994 |
| profit | | | |
+-----------------+--------+-------------+-------------+
| Administrative | | (2,208,968) | (2,533,678) |
| expenses | | - | (1,055,225) |
| before | | | |
| impairment | | | |
| charge | | | |
| on intangible | | | |
| assets | | | |
| Impairment | | | |
| charge on | | | |
| intangible | | | |
| assets | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Operating | | 57,116 | (1,375,909) |
| profit/(loss) | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Operating | | 304,943 | 206,369 |
| profit | | | |
| before | | | |
| depreciation, | | | |
| amortisation | | | |
| and | | | |
| impairment | | | |
| charge | | | |
+-----------------+--------+-------------+-------------+
| Depreciation | | (247,827) | (527,053) |
| and | | | |
| amortisation | | | |
+-----------------+--------+-------------+-------------+
| Impairment | | - | (1,055,225) |
| charge on | | | |
| intangible | | | |
| assets | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Finance | | 25,925 | 22,374 |
| income | | | |
+-----------------+--------+-------------+-------------+
| Finance | | (107) | (1,875) |
| cost | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Profit/(loss) | | 82,934 | (1,355,410) |
| before | | | |
| taxation | | | |
+-----------------+--------+-------------+-------------+
| Income | | (2,816) | 72,750 |
| tax | | | |
| expense | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Profit/(loss) | | 80,118 | (1,282,660) |
| for the year | | | |
| attributable | | | |
| to equity | | | |
| shareholders | | | |
+-----------------+--------+-------------+-------------+
| | | | |
+-----------------+--------+-------------+-------------+
| Continuing | | | |
| operations | | | |
+-----------------+--------+-------------+-------------+
| Earnings/(loss) | | 0.56 p | ( |
| per share - | | | 9.13)p |
| basic | | | |
+-----------------+--------+-------------+-------------+
| Earnings/(loss) | | 0.56 p | ( |
| per share - | | | 9.13)p |
| diluted | | | |
+-----------------+--------+-------------+-------------+
There was no income and expense for the current or comparative periods other
than that reported in the consolidated income statement.
Consolidated Balance Sheet
At 31 December 2008
+-------------+--------+-------------+--------+-------------+
| | | 2008 | | 2007 |
| | | GBP | | GBP |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Non-current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Property, | | 196,479 | | 208,837 |
| plant and | | | | |
| equipment | | | | |
+-------------+--------+-------------+--------+-------------+
| Intangible | | 291,085 | | 377,190 |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 487,564 | | 586,027 |
| non-current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Inventories | | 96,142 | | 3,703 |
+-------------+--------+-------------+--------+-------------+
| Trade | | 617,003 | | 675,975 |
| and | | | | |
| other | | | | |
| receivables | | | | |
+-------------+--------+-------------+--------+-------------+
| Prepayments | | 131,282 | | 151,550 |
| for current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Cash | | 883,197 | | 661,845 |
| and | | | | |
| cash | | | | |
| equivalents | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 1,727,624 | | 1,493,073 |
| current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 2,215,188 | | 2,079,100 |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Share | | 1,455,684 | | 1,455,684 |
| capital | | | | |
+-------------+--------+-------------+--------+-------------+
| Share | | 3,586,541 | | 3,586,541 |
| premium | | | | |
+-------------+--------+-------------+--------+-------------+
| Merger | | 2,245,333 | | 2,245,333 |
| reserve | | | | |
+-------------+--------+-------------+--------+-------------+
| Retained | | (6,666,324) | | (6,712,729) |
| losses | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 621,234 | | 574,829 |
| equity | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| Loans | | 44,000 | | - |
| and | | | | |
| borrowings | | | | |
+-------------+--------+-------------+--------+-------------+
| Deferred | | 15,296 | | 12,480 |
| tax | | | | |
| liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 59,296 | | 12,480 |
| non-current | | | | |
| liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Loans | | 22,000 | | - |
| and | | | | |
| borrowings | | | | |
+-------------+--------+-------------+--------+-------------+
| Trade | | 1,434,798 | | 1,416,926 |
| and | | | | |
| other | | | | |
| payables | | | | |
+-------------+--------+-------------+--------+-------------+
| Deferred | | 77,860 | | 74,865 |
| income | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 1,534,658 | | 1,491,791 |
| current | | | | |
| liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 1,593,954 | | 1,504,271 |
| liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 2,215,188 | | 2,079,100 |
| equity | | | | |
| and | | | | |
| liabilities | | | | |
+-------------+--------+-------------+--------+-------------+
| | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 192,966 | | 1,282 |
| net | | | | |
| current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Total | | 428,268 | | 573,547 |
| net | | | | |
| non-current | | | | |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
| Net | | 621,234 | | 574,829 |
| assets | | | | |
+-------------+--------+-------------+--------+-------------+
Consolidated Cash Flow Statement
for the year ended 31 December 2008
+------------------------------+-----------+--------+-------------+
| | 2008 | | 2007 |
| | GBP | | GBP |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Cash | | | |
| flows | | | |
| from | | | |
| operating | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| Profit/(loss) | 80,118 | | (1,282,660) |
| for the year | | | |
| attributable | | | |
| to equity | | | |
| shareholders | | | |
+------------------------------+-----------+--------+-------------+
| Adjustments | | | |
| for: | | | |
+------------------------------+-----------+--------+-------------+
| Depreciation, | 247,827 | | 1,582,278 |
| amortisation | | | |
| and | | | |
| impairment | | | |
+------------------------------+-----------+--------+-------------+
| Financial | (25,925) | | (22,374) |
| income | | | |
+------------------------------+-----------+--------+-------------+
| Financial | 107 | | 1,875 |
| expense | | | |
+------------------------------+-----------+--------+-------------+
| Loss | 2,871 | | 19,138 |
| on | | | |
| sale | | | |
| of | | | |
| property, | | | |
| plant and | | | |
| equipment | | | |
+------------------------------+-----------+--------+-------------+
| Deferred | 2,816 | | (72,750) |
| tax | | | |
| charge/(credits) | | | |
+------------------------------+-----------+--------+-------------+
| Decrease | 79,240 | | 401,909 |
| in trade | | | |
| and | | | |
| other | | | |
| receivables | | | |
+------------------------------+-----------+--------+-------------+
| (Increase) | (92,439) | | (1,294) |
| in | | | |
| inventories | | | |
+------------------------------+-----------+--------+-------------+
| Increase/(decrease) | 20,867 | | (187,973) |
| in trade and other | | | |
| payables | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Net | 315,482 | | 438,149 |
| cash | | | |
| from | | | |
| operating | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Cash | | | |
| flows | | | |
| from | | | |
| investing | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| Proceeds | 423 | | 1,753 |
| from | | | |
| sale of | | | |
| property, | | | |
| plant and | | | |
| equipment | | | |
+------------------------------+-----------+--------+-------------+
| Interest | 25,925 | | 22,374 |
| received | | | |
+------------------------------+-----------+--------+-------------+
| Acquisition | (152,658) | | (22,469) |
| of | | | |
| property, | | | |
| plant and | | | |
| equipment | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Net | (126,310) | | 1,658 |
| cash | | | |
| from | | | |
| investing | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Cash | | | |
| flows | | | |
| from | | | |
| financing | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| Interest | (107) | | (1,875) |
| paid | | | |
+------------------------------+-----------+--------+-------------+
| Repayment | - | | (14,104) |
| of | | | |
| borrowings | | | |
+------------------------------+-----------+--------+-------------+
| Proceeds | 66,000 | | - |
| from | | | |
| long | | | |
| term | | | |
| borrowings | | | |
+------------------------------+-----------+--------+-------------+
| Purchase | (33,713) | | - |
| of own | | | |
| shares | | | |
| for EBT | | | |
+------------------------------+-----------+--------+-------------+
| Payment | - | | (4,778) |
| of | | | |
| finance | | | |
| lease | | | |
| liabilities | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Net | 32,180 | | (20,757) |
| cash | | | |
| from | | | |
| financing | | | |
| activities | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Net | 221,352 | | 419,050 |
| increase/(decrease) | | | |
| in cash and cash | | | |
| equivalents | | | |
+------------------------------+-----------+--------+-------------+
| Cash | 661,845 | | 242,795 |
| and | | | |
| cash | | | |
| equivalents | | | |
| at 1 | | | |
| January | | | |
+------------------------------+-----------+--------+-------------+
| | | | |
+------------------------------+-----------+--------+-------------+
| Cash | 883,197 | | 661,845 |
| and | | | |
| cash | | | |
| equivalents | | | |
| at 31 | | | |
| December | | | |
+------------------------------+-----------+--------+-------------+
Notes
(forming part of the financial statements)
The financial information set out above does not constitute the Company's
statutory accounts for the years ended 31 December 2008 or 2007 but is derived
from those accounts. Statutory accounts for 2007 have been delivered to the
registrar of companies, and those for 2008 will be delivered in due course.
The auditors have reported on those accounts; their report was (i) unqualified,
(ii) did not include a reference to any matters to which the auditors drew
attention by way of emphasis without qualifying their report and (iii) did not
contain a statement under section 237(2) or (3) of the Companies Act 1985.
The 2008 accounts will be delivered to the registrar of companies following the
Company's Annual General Meeting. The Annual Report and Notice of Annual General
Meeting will be posted to the shareholders by 19 May 2009 and will be made
available on the Company's website (www.immediaplc.com) at that time.
This preliminary announcement was approved by the Board on 7 April 2009.
1. Reporting entity
Immedia Group Plc (the "Company") is a company incorporated and domiciled in the
United Kingdom. The address of the Company's registered office is 5 Fleet Place,
London EC4M 7RD. The principal place of business is at The Old Brewery, The
Broadway, Newbury, Berkshire RG14 1AU.
The consolidated financial statements of the Company as at and for the year
ended 31 December 2008 comprise the Company and its subsidiaries (together
referred to as the "Group"). The Group primarily is involved in marketing and
communication services through radio and screen based media.
2. Basis of preparation
The consolidated financial statements have been prepared and approved by the
directors in accordance with International Financial Reporting Standards as
adopted by the EU ("Adopted IFRSs").
On the basis of current financial projections prepared up to the end of 2010,
recent news of new contracts and of contract renewals, continuing improvements
in management of costs, and ongoing availability of facilities, the Directors
are satisfied that the Group has adequate resources to continue in operation for
the foreseeable future and consequently the financial statements have been
prepared on the going concern basis.
3. Share capital and reserves
Reconciliation of movement in capital and reserves
+------------+-----------+--------+-----------+------------------------------------------------+
| Share | 2008 | | 2007 |
| capital | | | |
+------------+-----------+--------+-----------+
| | GBP | | GBP |
+------------+-----------+--------+-----------+
| Authorised | | | |
+------------+-----------+--------+-----------+
| 36,000,000 | 3,600,000 | | 3,600,000 |
| Ordinary | | | |
| shares of | | | |
| 10 pence | | | |
| each | | | |
+------------+-----------+--------+-----------+
| | | | |
+------------+-----------+--------+-----------+
| Allotted, | | | |
| called up | | | |
| and fully | | | |
| paid | | | |
+------------+-----------+--------+-----------+
| 14,556,844 | 1,455,684 | | 1,455,684 |
| Ordinary | | | |
| shares of | | | |
| 10 pence | | | |
| each | | | |
+------------+-----------+--------+-----------+
| | | | |
+------------+-----------+--------+-----------+
| Movements | | | |
| in year | | | |
+------------+-----------+--------+-----------+
| At | 1,455,684 | | 1,334,056 |
| beginning | | | |
| of year | | | |
+------------+-----------+--------+-----------+
| 1,216,281 | - | | 121,628 |
| Ordinary | | | |
| shares of | | | |
| 10 pence | | | |
| each | | | |
| (issued | | | |
| at 15 | | | |
| pence | | | |
| each) | | | |
+------------+-----------+--------+-----------+
| | | | |
+------------+-----------+--------+-----------+
| | 1,455,684 | | 1,455,684 |
+------------+-----------+--------+-----------+
| |
+----------------------------------------------------------------------------------------------+
| There are no restrictions on the transfer of shares in Immedia Group Plc. All |
| shares carry equal voting rights. |
+------------+-----------+--------+-----------+------------------------------------------------+
+----------+-----------+--------+-----------+--------+-------------+
| Reserves | Share | | Merger | | Retained |
| as | premium | | reserve | | earnings |
| | account | | GBP | | GBP |
| | GBP | | | | |
+----------+-----------+--------+-----------+--------+-------------+
| At 1 | 3,586,541 | | 2,245,333 | | (6,712,729) |
| January | | | | | |
| 2008 | | | | | |
+----------+-----------+--------+-----------+--------+-------------+
| Retained | - | | - | | 80,118 |
| profit | | | | | |
| for the | | | | | |
| year | | | | | |
+----------+-----------+--------+-----------+--------+-------------+
| Purchase | - | | - | | (33,713) |
| of own | | | | | |
| shares | | | | | |
| by | | | | | |
| Employee | | | | | |
| Benefit | | | | | |
| Trust | | | | | |
+----------+-----------+--------+-----------+--------+-------------+
| At 31 | 3,586,541 | | 2,245,333 | | (6,666,324) |
| December | | | | | |
| 2008 | | | | | |
+----------+-----------+--------+-----------+--------+-------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
FR IRMRTMMBMBBL
|